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Trending ETFs

Invesco Investment Grade Value ETF

ETF
IIGV
Payout Change
Pending
Price as of:
$23.29 -0.03 -0.13%
primary theme
Corporate Bond
IIGV (ETF)

Invesco Investment Grade Value ETF

Payout Change
Pending
Price as of:
$23.29 -0.03 -0.13%
primary theme
Corporate Bond
IIGV (ETF)

Invesco Investment Grade Value ETF

Payout Change
Pending
Price as of:
$23.29 -0.03 -0.13%
primary theme
Corporate Bond

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$23.29

$31.1 M

3.58%

$0.84

0.13%

Vitals

YTD Return

3.4%

1 yr return

-8.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

N/A

Net Assets

$31.1 M

Holdings in Top 10

6.6%

52 WEEK LOW AND HIGH

$23.3
$21.53
$26.30

Expenses

OPERATING FEES

Expense Ratio 0.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$23.29

$31.1 M

3.58%

$0.84

0.13%

IIGV - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Investment Grade Value ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Jul 25, 2018
  • Shares Outstanding
    1300001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index, which is designed to provide exposure to higher value, U.S. investment grade bonds. Higher value bonds are characterized as those with higher yields that may provide greater returns in certain markets. In addition, the Underlying Index seeks to incorporate securities with the highest “quality scores” (within the eligible universe of U.S. investment grade bonds) as determined by the Index Provider using its methodology described below. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).In selecting components for inclusion in the Underlying Index, the Index Provider begins with an investment universe of all U.S. dollar-denominated bonds issued by U.S. companies. To be eligible for inclusion in the Underlying Index, bonds must (i) have an average credit rating that is higher than BBB- (or equivalent), as derived from ratings by S&P Global Ratings, a division of S&P Global Inc. (“S&P”), Fitch Ratings Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s”) credit rating agencies; (ii) have at least $600 million in face value outstanding, with only the largest bond from each issuer eligible; (iii) have at least two years, and no more than ten years, until final maturity; and (iv) make coupon payments. Qualifying securities include: fixed rate, bullet bonds, sinking funds, amortizing, puttable, extendable, callable, and step-up bonds with schedules known at issuance. Securities issued in accordance with Rule 144A (“Rule 144A securities”) under the Securities Act of 1933, as amended (the “Securities Act”), bonds registered with the Securities and Exchange Commission (“SEC”), publicly underwritten medium-term notes and Eurodollar bonds are all eligible for inclusion in the Underlying Index.The Index Provider assigns a quality adjusted value score (“QAV Score”) to each eligible bond, which is calculated based on a combination of value and quality factors or characteristics. With respect to value, a value score (“Value Score”) is assigned to each eligible bond based on the bond’s option adjusted spread (“OAS”). Specifically, the Value Score for each bond is calculated as its percentile ranked OAS within its business sector and credit rating category. With respect to credit rating category, each rating agency’s rating is converted into a numerical value and a bond’s credit score is calculated as an equally-weighted average of the numerical scores of each agency that has rated the bond. The bond is then assigned to one of six credit rating categories, as established by the Index Provider. Bonds are also separately ranked by OAS solely within their credit rating category. If fewer than three bonds are available within a sector or credit rating category, then the Value Score for all bonds in the grouping is replaced with the percentile rank based on credit rating category only. If fewer than three bonds are available within a credit rating category, then the bonds in that credit rating category are removed from Underlying Index eligibility. The Value Scores are then standardized.The Index Provider also calculates a quality score (“Quality Score”) for each eligible bond, which is calculated based on such bond’s maturity and credit rating. With respect to the maturity factor, each bond is scored based on the number of years remaining to maturity, with bonds having fewer years to maturity receiving higher scores. With respect to the credit rating factor, each rating agency’s rating is converted into a numerical value and a bond’s credit score is calculated as an equally-weighted average of the numerical scores of each agency that has rated the bond. The maturity and credit scores for each bond are standardized across the universe of eligible bonds, and the Quality Score for each bond is computed as an equally-weighted combination of these two factors.Once a Value Score and Quality Score are assigned to eligible bonds, the QAV Score is calculated as a weighted-average combination of the two scores, with 90% and 10% weights applied to the Value Score and Quality Score, respectively.All eligible securities are ranked by QAV Score. Initially, bonds with QAV Scores in the top 40% of eligible securities are selected for inclusion in the Underlying Index. At each monthly Underlying Index rebalance, any new eligible security with a QAV Score in the top 30% of eligible securities is added to the Underlying Index, and current Underlying Index constituents with a QAV Score in the top 50% of eligible securities remain in the Underlying Index, provided that they satisfy all other eligibility criteria. Underlying Index constituents are equally weighted.As of August 31, 2021, the Underlying Index was comprised of 171constituents.The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
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IIGV - Performance

Return Ranking - Trailing

Period IIGV Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -37.4% 7.2% 45.05%
1 Yr -8.6% -22.5% 160.6% 40.31%
3 Yr -2.5%* -11.4% 35.8% 36.80%
5 Yr N/A* -10.1% 21.8% N/A
10 Yr N/A* -3.6% 9.7% N/A

* Annualized

Return Ranking - Calendar

Period IIGV Return Category Return Low Category Return High Rank in Category (%)
2022 -13.7% -27.3% 144.0% 36.86%
2021 -1.1% -15.7% 31.5% 36.36%
2020 2.8% -13.0% 34.5% 11.67%
2019 3.3% -52.0% 4.7% 8.14%
2018 N/A -3.1% 13.4% N/A

Total Return Ranking - Trailing

Period IIGV Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -37.4% 7.2% 46.25%
1 Yr -8.6% -22.5% 160.6% 40.68%
3 Yr -2.5%* -11.4% 35.8% 40.77%
5 Yr N/A* -10.1% 21.8% N/A
10 Yr N/A* -3.6% 10.0% N/A

* Annualized

Total Return Ranking - Calendar

Period IIGV Return Category Return Low Category Return High Rank in Category (%)
2022 -13.7% -27.3% 144.0% 36.86%
2021 -1.1% -15.7% 31.5% 36.36%
2020 2.8% -13.0% 34.5% 11.33%
2019 3.3% -14.8% 4.7% 8.14%
2018 N/A -3.1% 13.4% N/A

IIGV - Holdings

Concentration Analysis

IIGV Category Low Category High IIGV % Rank
Net Assets 31.1 M 6.52 M 44.4 B 82.30%
Number of Holdings 183 1 9191 58.88%
Net Assets in Top 10 2.02 M -29.6 M 3.34 B 79.29%
Weighting of Top 10 6.63% 1.8% 100.0% 91.67%

Top 10 Holdings

  1. MPLX LP 4.12% 0.93%
  2. TWDC Enterprises 18 Corp 2% 0.89%
  3. Phillips 66 Partners LP 3.15% 0.88%
  4. Berkshire Hathaway Inc. 3.12% 0.87%
  5. AbbVie Inc. 3.2% 0.87%
  6. Nordstrom, Inc. 8.75% 0.87%
  7. Sempra Energy 3.4% 0.87%
  8. TD AMERITRADE Holding Corporation 3.3% 0.87%
  9. Morgan Stanley 3.88% 0.86%
  10. New York Life Global Funding 2.88% 0.86%

Asset Allocation

Weighting Return Low Return High IIGV % Rank
Bonds
100.07% 0.00% 141.47% 3.25%
Stocks
0.00% 0.00% 5.27% 76.63%
Preferred Stocks
0.00% 0.00% 9.18% 81.36%
Other
0.00% -38.92% 3.98% 73.08%
Convertible Bonds
0.00% 0.00% 78.47% 94.38%
Cash
-0.07% -49.09% 100.00% 89.64%

Bond Sector Breakdown

Weighting Return Low Return High IIGV % Rank
Corporate
100.00% 0.00% 100.00% 25.15%
Derivative
0.00% 0.00% 27.02% 78.70%
Cash & Equivalents
0.00% 0.00% 100.00% 93.49%
Securitized
0.00% 0.00% 23.18% 93.20%
Municipal
0.00% 0.00% 3.62% 86.98%
Government
0.00% 0.00% 25.63% 93.20%

Bond Geographic Breakdown

Weighting Return Low Return High IIGV % Rank
US
97.87% 0.00% 122.90% 7.10%
Non US
2.20% 0.00% 47.05% 93.20%

IIGV - Expenses

Operational Fees

IIGV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.03% 3.62% 94.79%
Management Fee 0.13% 0.00% 1.35% 10.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

IIGV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IIGV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IIGV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 259.00% 94.06%

IIGV - Distributions

Dividend Yield Analysis

IIGV Category Low Category High IIGV % Rank
Dividend Yield 3.58% 0.00% 25.68% 15.68%

Dividend Distribution Analysis

IIGV Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IIGV Category Low Category High IIGV % Rank
Net Income Ratio 1.96% 0.38% 7.58% 68.04%

Capital Gain Distribution Analysis

IIGV Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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IIGV - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Jeremy Neisewander


Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Greg Meisenger


Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.

Tom Boksa


Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Tom Boksa, Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 24.76 6.24 2.41